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by the republicans in the house to increase the debt ceiling. at the end of the day, we got $2.5 in spending. restrapets that was the cap and the sequester. there's been repeated efforts by democrats in the senate and the white house to undue that agreement of august 2011, but it has held. the sequester is holding despite not letting kids go through the white house or the easter egg hunts and not letting the blue angels fly. this is the boy cried wolf kind of thing. at the end of the day, taxpayers won that fight. those who believed in d.c., you had to raise taxes in order to get any spending restraints. we're wrong. we got the -- they were wrong. obama -- president obama is again saying i will never let you cut the budget unless you give me tax increases. he said that for the last three years and he has lost several times on that fight. does he want to have spending restraint or entitlement reform? don't think so. democratic senate with 59 or 60 votes. he woke up every morning and he could have reform entitlements but he didn't, he went to bed. someone could do something for 00 days like qu
for a debt ceiling piece of legislation that would be considered. i would hope, as i said last week, that we could deal with in a nonpartisan, bipartisan, nonpolitical fashion the protection of the credit worthiness of the united states of america and to the maintenance of america's credit rating. it was reduced for the first time in history when we had a debt cliff debate in 2011, and we were reduced by one point in the credit worthiness of our country. that was unfortunate for our country. president reagan said in 1986, unfortunately congress consistently brings the government to the edge of default before facing its responsibility. this brinksmanship threatens the holders of government bonds and those who rely on veterans' benefits, interest rates, etc., would skyrocket if we did that. he was then urging the democratic congress and republicans to support the increase in the debt, which as you know, was done. in addition, keith hennessey who was george bush's national director counsel, payment prioritization doesn't stop payments, it just delays them. then the party sues the government and
that was demanded by the republicans in the house for the increase in the debt ceiling. at the end of the day, we got 2-1/2 trillion in spending restraints. the caps and the sequester, have been repeated efforts by democrats in the senate and the white house to try and undo that agreement of august 2011, but it's held. the sequester is holding. despite the historianics of not having easter egg hunts or not letting kids go through the white house, not letting the blue angels fly. they do that and looks silly, the boy who cried wolf. and at the end of the day we taxpayers won the fight, and those who believed in d.c., you had to raise taxes, in order to get any spending restraint, were wrong. we got suspending restraint without the tax increases. obama -- president obama is again saying'll never let you cut the budget unless you give me more tax increases. he said that the last three years and has lost several times on that fight. so does he want to have spending retrain or spitelement reform? -- restraint or entitlement reform? i don't think so. just look backwards. his first two years a democrati
a number of the banks. whether it be concerns about the budget or the debt ceiling, it's one of these issues. >> and all of these come as the banks are performing very well. if you want to know whether they are safer, if they are better businesses compared to a year ago, that's another question, right, mary? >> take a look at the revenue. a number of banks would argue, yes, we are safer. but as far as revenue goes, this is speaks to how the businesses are performing. really the growth on the revenue front isn't there. it's either down or very slight increases in revenue growth. you are seeing improvement in profitability as these companies continue to cut costs. they're being very, very aggressive on expense management. and that's helping to drive the bottom line. >> let's get to ww gragranger. this is a big move in today's session. >> there was a company in the machinery and repair business, a good window into the industrial businesses, $240 stock, which is a big stock that people tend not to talk about. they miss sales estimates. sales continue to grow. interesting. they bl
, the debt ceiling is something that is necessary for the operations of government. we will bring a bill forward that will ensure that we do not go into default, but i do think that we should be mindful of how we are going to tell the public we are going to go into the future and pay off these debts. the gentleman has many children and grandchildren. he does not want his kids, nor do i want mine to be shouldering the debt and paying our bills. really committing ourselves not to just borrowing more, not to just taking more from taxpayer dollars, because we have done a lot of that this year already. the gentleman talks about the need to proceed with revenues. we already have close to $650 billion of additional static revenues, taxes that are accounted for because of the fiscal clef deal. it is not that there are no revenues in the mix here. i look forward to working with the gentleman. i appreciate his commitment to longevity in the country, sustaining economic growth or restarting its the we can -- restarting its so that we can sustain it. i yield back. toi think finding a way invest in t
. the houseebt ceiling, will move now to put its priority in place. we will move now early to reassure people that america will pay its debts. we are serious about tackling our problems. affected sequestration your district? guest: it has not. people laugh when you talk government0-pound being forced to lose 10 pounds. closing local air-traffic towers. they think it is a small step in the right direction. host: was it a political victory for republicans? guest: it helped reassure americans that we were serious about making some small but important steps in the right lowerion, walking those levels in was important -- locking those lower levels in was import. i believe we have the political courage to get this done. we have laid out courageous steps on medicare and medicaid to solve those. the president is willing to take some small steps towards us. host: wallace is a republican in dallas. caller: good morning. thank you for taking my call. police officer and i collect revolvers. my comment for the representative is that i have been leery when the government starts talking about protecting my
Search Results 0 to 5 of about 6